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MS Alkeon UCITS I GBP Hdg Acc

The Sub-Fund’s investment objective is to provide Shareholders with a return linked to the performance of a reference portfolio.
The Sub-Fund is exposed to the economic performance of the Reference Portfolio through a total return swap (the “Portfolio Total Return Swap”). The Reference Portfolio is comprised primarily of equity securities of U.S. and non-U.S. companies that the Investment Manager believes are well positioned to benefit from demand for their products or services and may also be comprised of short positions in such securities and the other instruments.